INSURANCE FRAUD AND BAD FAITH LITIGATION
Insurance products are one of the most important purchases made by American families to protect their health, welfare and children’s future. In an age where consumers are working harder than ever to stretch their hard-earned dollars wisely, truthful information and full disclosure are paramount when buying insurance products. Insurance products can be complex and difficult to understand, and are governed by varying state laws that can result in wide-ranging interpretation. Insurance companies often interpret contracts in ways that conflict with information provided to consumers at the time of purchase, and can result in a company’s failure to honor its contract with the consumer.
Our class action attorneys have extensive experience in confronting the deceptive practices and wrongful conduct of insurers. Marc Stanley obtained a multi-million dollar settlement (over five times in excess of the policy limits) from The Medical Protective Company, ending a decade of hard-fought litigation, including a jury verdict establishing medical malpractice liability against the company’s policyholder in Texas state court (for which all appeals were exhausted), and, four years later, a jury verdict in federal court finding that the company had acted in bad faith by refusing to honor the terms of its insured’s medical malpractice policy and pay the underlying state court judgment.
We also obtained a multi-million-dollar class action settlement from Nationwide Insurance Company for charging and collecting premiums from certain term life insurance customers that were in excess of the guaranteed maximum premium allowed under their term life policies, and substantial settlements in statewide class actions against State Farm Insurance Cos., Allstate Insurance Cos., Farmers Insurance Cos. and GEICO Insurance Cos. for violations of the Texas Insurance Code relating to claims procedures for automobile policyholders.
If you have suffered from the wrongful conduct of an insurance company, contact us today.